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The predictive capabilities of deep neural networks (DNNs) continue to evolve to increasingly impressive levels. However, it is still unclear how training procedures for DNNs succeed in finding parameters that produce good results for such high-dimensional and nonconvex loss functions. In particular, we wish to understand why simple optimization schemes, such as stochastic gradient descent, do not end up trapped in local minima with high loss values that would not yield useful predictions. We explain the optimizability of DNNs by charac